TGR: People always have to eat and need a way to trade.
BM: You've got it. But they must have something of value to trade. I don't know whether the gold price will be $500/oz or $5,000/oz or $50,000/oz, but I can tell you that in two, three or five years, if you have a 10-ounce bar of silver in one hand and a 1-ounce gold coin in the other, you'll know you're holding something of value. Marc Faber says everybody should buy a $1M T-bill, put it in a nice frame, hang it on the wall and in 10 or 20 years when the grandkids visit, they can point to it and say, "See that? That used to be money." Paper money is already a relic. It's not a prediction-it's here now.